Mercury EV-Tech Shares Surge 5% to Rs 34.96 Amid Strong 9MFY26 Profit Growth and FII Stake Hike

New Delhi [India], February 25: Shares of Mercury EV-Tech Ltd skyrocketed 5 per cent on Wednesday, hitting an intraday high of Rs 34.96 from the previous close of Rs 32.72, signaling robust investor confidence in the electric vehicle pioneer’s trajectory. The stock, boasting a market capitalization exceeding Rs 700 crore, remains 34 per cent above its 52-week low of Rs 29.95—though still below the 52-week high of Rs 76.93—and has delivered impressive long-term gains, including a 95 per cent rise over three years and a staggering 5,300 per cent multibagger return in five years.

The rally follows the company’s release of Q3FY26 results, which showed standalone net sales of Rs 25.29 crore and net profit of Rs 0.89 crore, contributing to solid nine-month figures (9MFY26) of Rs 81.86 crore in net sales and Rs 4.22 crore in net profit. Adding momentum, Foreign Institutional Investors (FIIs) scooped up 14,71,638 shares in December 2025, elevating their stake to 2.68 per cent from the prior quarter.

Founded in 1986, Mercury EV-Tech Ltd has solidified its position as a key player in India’s EV and renewable energy sectors, aligning with the “Aatma Nirbhar Bharat” initiative through localized manufacturing of electric scooters, buses, industrial, and hospitality vehicles. Strategic advancements, including the NCLT-approved merger with EV Nest, ICAT clearance for the “MUSHAK EV” goods carrier, and plans for a large-scale lithium-ion battery facility in Vadodara alongside retail expansion in Gujarat, underscore the company’s push for vertical integration and sustainable growth.

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